EFCC Plans To Appeal Acquittal Of Wale Babalakin Over N4.7 Billion Fraud

February 23, 2015 11:49 pm

The has on Monday released a
statement saying it will appeal a ruling of a Lagos High Court, presided
over by Justice Lateef Lawal-Akapo, that acquitted Chairman,
Bi-Courtney, Dr. Wale Babalakin (SAN), and four others of 27 counts of
fraud, conspiracy, and retention of proceeds of criminal conduct brought
against them by the .

The Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, said
in the statement that the commission would take the requisite steps,
including an appeal of the verdict, after a careful study of the ruling.
They were freed by a Lagos State High Court on Monday in the fraud and
money laundering suit instituted against them by the Economic and
Financial Crimes Commission (EFCC).

Presiding judge in the N4.7 billion naira alleged money-laundering suit,
Justice Lateef Lawal-Akapo, in his ruling said the EFCC did not provide
sufficient evidence against the defendants and therefore discharged
them.

The EFCC had alleged in a 27-count charge sheet that they conspired and
helped Chief James Ibori, a former Governor of Delta State, launder
about N4.7 billion naira belonging to the Delta State government, while
he was governor of the state.

Ibori is serving out his prison sentence in London, United Kingdom,
following his conviction for stealing and laundering state funds.

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